I am expecting a big move up on the HTF. This may be the start of it, but the hourly MACD is not showing divergence which suggests another move down before a big move up. There is a strong support area around the 103 area. If this breaks down I will trade it with a tight SL. Then long it for the bigger move to the daily TL (green line) and above. If price breaks above the channel I will look for a small retracement and take a long to the TL providing I can get at least a 2:1.
Educate yourself, create your own trade plan, validate your trade ideas through other trader's ideas. Take responsibility for your own trades.
Educate yourself, create your own trade plan, validate your trade ideas through other trader's ideas. Take responsibility for your own trades.
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Still looking down for a bit. before a big move up.
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We have twice broke a trend line down but not moved away very far. This may be a product of everybody on hold for Brexit. It still has the potential for a bit more down but the upside has much more on a higher time frame. I am going to hold off until we see a break of the green trend line with a bit of a correction and then look to go long.
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I will be taking a long trade if we get a little bit more down. It is a bit of a high risk but this could be the bottom of what appears to be a long move up.
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Trade reached target but I have kept the position and moved the target to 1.09
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Still in this trade with half my position. I will be looking to add to it again as the correction seems over.